https://finance.yahoo.com/economy/policy/article/feds-favored-inflation-gauge-shows-rising-prices-as-war-heated-up-131007113.html

A new reading on the Federal Reserve’s favored inflation gauge shows energy prices boosted overall inflation, while inflation excluding energy price increases also rose, locking in the central bank’s stance holding interest rates steady. The Personal Consumption Expenditures index rose 3.5% in March on a headline basis, in line with expectations. That’s up from 2.8% in February before the war. On a “core” basis, which excludes volatile energy and food prices, inflation rose 3.2%, also in line with expectations, and up from 3% in February. The reading shows that inflation was already sticky rising from the month prior and is now over a full percentage point above the Fed’s 2% target.…